Questions about the aircraft selling process

SixPapaCharlie

SixPapaCharlie

May the force be with you
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I should know in a couple hours if it is a done deal. Looks like it is.

I don't know what forms are needed, the title / registration transfer process, and all the other junk that goes into selling a plane.

Anyone got a step by step guide.
I am keeping my N number so he will need to register a new one.
Also what about the "occasional sale" form that keeps the tax man away?
 
Mtns2Skies said:
Why? That's a real pain in the wiener for the buyer.

Check AOPA for the required docs.
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My tail number is my kids birth dates and initials.
I am going to pay for the new number, and to have it put on the plane.
So I believe the very first step will be for him to pick his number, and register it to the plane, then I sell it to him under the new number. Guessing there.
I don't want to sell it under the current number and end up losing my tail number.
 
Once you fly a Bo you won’t look back
 
SixPapaCharlie said:
Quite possibly.
Deb, Comanche, and Bo are all I am really considering.
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If you want the info, Jim Lewis is an instructor at 52F who owns a Deb and can help with info and training.
 
For occasional sale (and the “fly-away” exemption), see this page: https://comptroller.texas.gov/taxes/publications/94-168.php

Actual form: https://comptroller.texas.gov/forms/01-917.pdf

You give this to Buyer.

Bill of sale (you give buyer this): https://www.faa.gov/forms/index.cfm/go/document.information/documentID/186163

Registration Application (buyer sends this to OKlahoma City):
https://www.faa.gov/forms/index.cfm/go/document.information/documentID/185220

Lots of forms ‘n’ stuff at:
https://www.faa.gov/licenses_certif...cation/aircraft_registry/aircraft_regn_forms/

There is no “title,” like we think about it with cars.

As for sequence of steps for the N-number, you’re probably right, but to be certain, you might check with one of the aircraft document services in OKC, who can walk the docs through for you and buyer. A little money for a lot of certainty. I used https://www.aictitle.com/
 
SCCutler said:
For occasional sale (and the “fly-away” exemption), see this page: https://comptroller.texas.gov/taxes/publications/94-168.php

Actual form: https://comptroller.texas.gov/forms/01-917.pdf

You give this to Buyer.

Bill of sale (you give buyer this): https://www.faa.gov/forms/index.cfm/go/document.information/documentID/186163

Registration Application (buyer sends this to OKlahoma City):
https://www.faa.gov/forms/index.cfm/go/document.information/documentID/185220

Lots of forms ‘n’ stuff at:
https://www.faa.gov/licenses_certif...cation/aircraft_registry/aircraft_regn_forms/

There is no “title,” like we think about it with cars.

As for sequence of steps for the N-number, you’re probably right, but to be certain, you might check with one of the aircraft document services in OKC, who can walk the docs through for you and buyer. A little money for a lot of certainty. I used https://www.aictitle.com/
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Thank you spike
 
what about the three year landing gear bungees? and there are a couple of other ADs. ;) Each make/model has their warts.
Kristin said:
Once you find out that the Comanche has no magnesium in the tail you won't look back.:)
But can, and often has been, terminated by STC.
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SixPapaCharlie said:
I should know in a couple hours if it is a done deal. Looks like it is.

I don't know what forms are needed, the title / registration transfer process, and all the other junk that goes into selling a plane.

Anyone got a step by step guide.
I am keeping my N number so he will need to register a new one.
Also what about the "occasional sale" form that keeps the tax man away?
Click to expand...
congratulations!

I thought the occasional sale thing was a myth but apparently not. Another reason to move to Texas. That's one hell of a loophole.
Initial Fix said:
Once you fly a Bo you won’t look back
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As a pa32 owner, I was afraid I might be missing out on the mythical bonanza. Then I sat in one.... damn things are tighter than a pa28. They appear to have been designed to be flown by 12 year old girls.
 
SixPapaCharlie said:
Thank you spike
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It is a privilege, my friend.

Jim K said:
congratulations!

I thought the occasional sale thing was a myth but apparently not. Another reason to move to Texas. That's one hell of a loophole.

As a pa32 owner, I was afraid I might be missing out on the mythical bonanza. Then I sat in one.... damn things are tighter than a pa28. They appear to have been designed to be flown by 12 year old girls.
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If you’re looking for a wide cabin, the Bo is not for you… but it’s a good compromise. Comanche’s certainly wider, but when I told my wife I was buying an airplane, she told me, “It better be a Bonanza!” Who was I to argue with that?
 
SCCutler said:
If you’re looking for a wide cabin, the Bo is not for you…
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I've been flying an A-36. It's plenty comfortable. Feels wider than the 182 and the V35.

@SixPapaCharlie, if you and Erin want to see an A36 up close, I can find out if it's okay for you to see the doctor bonanza to see what you two think about it.
 
Checkout_my_Six said:
what about the three year landing gear bungees? and there are a couple of other ADs. ;) Each make/model has their warts.
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An AD that costs $45 in parts and less than an hour labor is an issue? That is hysterical considering Beech costs. :)
 
Jim K said:
I thought the occasional sale thing was a myth but apparently not. Another reason to move to Texas. That's one hell of a loophole.
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A number of states have occasional (sometimes called "casual") sale sales tax exemptions. It's a policy decision, not an unintended "loophole."
 
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